Home refinancing demand jumps as rates drop + US mortgage rates drop to 5-month low - to 4.93%

[mEDITate-OR:

notice that interest rates did, precisely, what we said they would do last week.

When the stock market collapse occurred, the price of 10 yr TBills went up.

So, the yield on TBills went down, which drove RE interest rates down.

This week the stock market is back up, so we might see the 10 yr TBill prices go back down

and drive the yield back up.

So..., NOW is the time to "lock" your new refi RE loans...!!!

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Home refinancing demand jumps as rates drop

http://news.yahoo.com/s/nm/20100512/bs_nm/us_usa_economy_mortgages

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US mortgage rates drop to 5-month low-Freddie Mac

http://www.reuters.com/article/idUSN1310407620100513

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Mortgage Rates on 30-Year U.S. Loans Fall to 4.93%

http://www.businessweek.com/news/2010-05-13/mortgage-rates-on-30-year-u-s-loans-fall-to-4-93-update2-.html

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Mortgage rates drop to lowest level this year

http://news.yahoo.com/s/ap/20100513/ap_on_bi_ge/us_mortgage_rates

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